The following tables summarize our segment reporting for the periods indicated (dollars in thousands):



	Three Months Ended June 30, 2016
	Multi-Family Real Estate			Other Assets			Total
Revenues:
Rental and other revenues from real estate properties	$	22,281		$	356		$	22,637
Other income	—			608			608
Total revenues	22,281			964			23,245
Expenses:
Real estate operating expenses	10,789			155			10,944
Interest expense	5,991			23			6,014
Property acquisition costs	1,408			—			1,408
General and administrative	2,326			47			2,373
Depreciation	5,844			27			5,871
Total expenses	26,358			252			26,610
Total revenue less total expenses	(4,077		)	712			(3,365		)
Gain on sale of real estate	10,263			—			10,263
Gain on sale of partnership interest	386			—			386
(Loss) income from continuing operations	6,572			712			7,284
Net (income) loss attributable to non-controlling interests	(1,776		)	(28		)	(1,804		)
Net income attributable to common shareholders before reconciling items	$	4,796		$	684		$	5,480
Reconciling adjustment:
Discontinued operations							—
Net income attributable to common shareholders							$	5,480
Segment Assets at June 30, 2016	$	757,522		$	30,599		$	788,121

Note 11- Segment Reporting - continued



	Three Months Ended June 30, 2015
	Multi-Family Real Estate			Other Assets			Total
Revenues:
Rental and other revenues from real estate properties	$	19,425		$	353		$	19,778
Other income	—			12			12
Total revenues	19,425			365			19,790
Expenses:
Real estate operating expenses	9,875			147			10,022
Interest expense	4,652			203			4,855
Advisor's fee, related party	522			90			612
General and administrative	1,571			83			1,654
Depreciation and amortization	4,423			30			4,453
Total expenses	21,043			553			21,596
Total revenues less total expenses	(1,618		)	(188		)	(1,806		)

Net (income) loss attributable to non-controlling interests	(52		)	982			930
Net (loss) income attributable to common shareholders before reconciling items	$	(1,670	)	$	794		$	(876	)
Reconciling adjustment:
Discontinued operations							(1,702		)
Net loss attributable to common shareholders							$	(2,578	)
Segment Assets at June 30, 2015	$	586,648		$	15,301		$	601,949

Note 11- Segment Reporting - continued



	Nine Months Ended June 30, 2016
	Multi-Family Real Estate			Other Assets		Total
Revenues:
Rental and other revenues from real estate properties	$	65,836		$	1,030	$	66,866
Other income	—			2,641		2,641
Total revenues	65,836			3,671		69,507
Expenses:
Real estate operating expenses	31,604			448		32,052
Interest expense	17,478			116		17,594
Advisor's fee, related party	593			100		693
Property acquisition costs	2,418			—		2,418
General and administrative	6,221			181		6,402
Depreciation	16,407			80		16,487
Total expenses	74,721			925		75,646
Total revenue less total expenses	(8,885		)	2,746		(6,139		)
Gain on sale of real estate	34,489			609		35,098
Gain on sale of partnership interest	386			—		386
Loss on extinguishment of debt	(2,668		)	—		(2,668		)
Income from continuing operations	23,322			3,355		26,677

Net (income) loss attributable to non-controlling interests	(12,555		)	1,581		(10,974		)
Net income attributable to common shareholders before reconciling items	$	10,767		$	4,936	$	15,703
Reconciling adjustment:
Discontinued operations						12,679
Net income attributable to common shareholders						$	28,382
Segment Assets at June 30, 2016	$	757,522		$	30,599	$	788,121

Note 11- Segment Reporting - continued



	Nine Months Ended June 30, 2015
	Multi-Family Real Estate			Other Real Estate			Total

Rental and other revenues from real estate properties	$	56,382		$	993		$	57,375
Other income	—			64			64
Total revenues	56,382			1,057			57,439
Expenses:
Real estate operating expenses	28,195			407			28,602
Interest expense	14,047			307			14,354
Advisor's fee, related party	1,525			276			1,801
Property acquisition costs	295			—			295
General and administrative	4,760			287			5,047
Depreciation	12,567			88			12,655
Total expenses	61,389			1,365			62,754
Total revenue less total expenses	(5,007		)	(308		)	(5,315		)
Gain on sale of real estate	2,777			—			2,777
Income from continuing operations	(2,230		)	(308		)	(2,538		)

Net (income) loss attributable to non-controlling interests	(1,067		)	2,664			1,597
Net (loss) income attributable to common shareholders before reconciling items	$	(3,297	)	$	2,356		$	(941	)
Reconciling adjustment:
Discontinued operations							(4,883		)
Net loss attributable to common shareholders							$	(5,824	)
Segment Assets at June 30, 2015	$	586,648		$	15,301		$	601,949